It would spin off the city’s water department, reduce city-provided health
care for retirees and immediately stop debt payments and then use that money to
keep the city operating while reinvesting $1.5 billion over the next decade to
boost crucial public services like police and fire, step up blight removal and
transform an antiquated, failing city government.

The impact of the document Orr released publicly and to creditors in Friday’s
historic meeting cannot be understated.